BMO: Recently there has been a large amount of data "reissued", Powell will refuse to set the interest rate for January

date
11/12/2025
On the eve of the December meeting of the Federal Reserve, BMO Capital Markets strategist Ian Lyngen pointed out that in the coming weeks there will be a wave of "catch-up" economic data being released, which will significantly impact policy prospects. Therefore, Federal Reserve Chairman Powell is likely to deliberately maintain ambiguity after the meeting, avoiding making any definite commitments on the January interest rate decision. Lyngen emphasized that during the seven-week gap between the December and January FOMC meetings, the U.S. Bureau of Labor Statistics will release the non-farm employment reports for October, November, and December, as well as CPI data for November and December. "There is no doubt that the cumulative effect of this information is enough to redefine the market's understanding of the true performance of the economy after the government shutdown."